Investing discipline is the central editorial lane of this site: not stock tips, not target prices, and not trading instructions, but a library of methods for thinking about risk, patience, evidence, incentives, and opportunity cost.
Start here if you want the durable part of the archive: the ideas that should still be useful when the market narrative has changed.
Core Ideas
- Munger's Lattice of Mental Models — why investing judgment needs more than one discipline.
- Invert, Always Invert — a practical habit for avoiding obvious errors.
- The Circle of Competence — the discipline of knowing what not to touch.
- Margin of Safety — the engineering idea behind conservative investing.
- Benjamin Graham's Mr. Market — a metaphor for price, temperament, and independence.
Risk, Cycles, And Evidence
- Howard Marks And Second-Order Thinking — why being right is not enough if the crowd is already there.
- Patience As Strategy — why intelligent inactivity can be a decision.
- The Wyckoff Method — reading market structure without turning it into prophecy.
- The Buffett Indicator — useful context, not a mechanical signal.
- Building A Signal Grading System — from chart concepts to testable filters.
Chinese Essays
Editorial Boundary
Everything here is educational. The archive discusses frameworks, history, evidence, and failure modes. It does not provide personalized investment advice, stock recommendations, target prices, position sizing, or trading instructions.